A PARADOX OF PHILANTHROPIC EXPLOITATION:: THE POLITICAL ECONOMY OF IMF

The form of production relations found in any society is fundamentally determined by who is the proprietor of the means of production.upon this lay the the decisive factors upon which definite political, juridical, ideological and institutional realities within any given society are established. Paradoxically, exploitation is inevitable and can easily be discerned in the rules, processes and institutional framework that administer the production and distribution process, which were instituted by the proprietors to safeguard their interests.The emergence and dynamics of IMF validate this theory. In pursuance of her interests, the United States led the economic negotiations that necessitated the emergence of IMF, its rules, structure, power relations and programmes or tranche. These were manipulated both in character and implementation to foster America's economic interest and consolidate her dominance. this book therefore focuses is on the political economy of IMF with a view to explicate it's nuances and implications/consequences.